WILLIAM DONALD SCHAEFER, Governor Ch. 236

accordance with generally accepted auditing principles and point
out any irregularities found to exist. The [auditors] ACCOUNTANTS
shall report the results of their examination, including their
unqualified opinion on the presentation of the financial position
of the various funds and the results of the Service's financial
operations. If they are unable to express an unqualified opinion
they shall state and explain in detail the reasons for their
qualifications, disclaimer, or opinion including recommendations
necessary to make possible future unqualified opinions.

3-923.

(b)  The Authority shall make provision for a system of
financial accounting, controls, audits, and reports. All
accounting systems and records, auditing procedures and
standards, and financial reporting shall conform to generally
accepted principles of governmental accounting. The Authority
shall adopt the fiscal year of July 1 to June 30, designate the
necessary funds for complete accountability, and specify the
basis of accounting for each fund. As soon as practical after
the closing of the fiscal year, an audit shall be made of the
financial books, records, and accounts of the Authority. The
audit shall be made by independent certified public accountants,
selected by the Authority[,] and licensed to practice in the
State [as auditors]. The [auditors] ACCOUNTANTS may not have a
personal interest either directly or indirectly in the fiscal
affairs of the Authority. They shall be experienced and
qualified in the accounting and auditing of public bodies. The
report of audit shall be prepared in accordance with generally
accepted auditing principles and point out any irregularities
found to exist. The [auditors] ACCOUNTANTS shall report the
results of their examination, including their unqualified opinion
on the presentation of the financial position of the various
funds and the results of the Authority's financial operations.
If they are unable to express an unqualified opinion they shall
state and explain in detail the reasons for their qualifications,
disclaimer, or opinion including recommendations necessary to
make possible future unqualified opinions.

5-219.

(c)  The Department shall issue an initial certification of
reforestation or timber stand improvement to an applicant who
owns or leases 10 to 500 acres of land that is used as commercial
forest land or that is being restored and is capable of growing a
commercial forest, if there is:

(2) Timber stand improvement activities in accordance
with a forest management plan developed by a [registered
professional] LICENSED forester.

Article - Real Property

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